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20121228
20121228
Search Results 0 to 10 of about 11 (some duplicates have been removed)
washington should not pull out the rug from under this rebound. ship wreck, massive port strike that could happen this weekend halts commerce for the country. top of the hour, stocks now and every 15 minutes, lauren at the new york stock exchange. stocks down, but it could be worse, lauren. >> it could be worse. at one point, after 109 points, and now down 59 on the second to last trading day of the year. the nasdaq, believe it or not, is the winner today, down by just about .16%, doing the best of the three major averages. i point that out because for the month of december, the nasdaq is the only major average negative. it's interesting to know we started the year with nasdaq at 26.0 # 5, and now at 29.81, we came a long way. a good year for tech. the vix up above 20. fear of the fiscal cliff and traders saying, all right, we have this idea of a deal getting done baked into the markets, but maybe that's going to unravel a little bit. barnes and noble share, stock up more than 6 #% as i speak. the news is both good and bad. bad news first. they say the holiday period and sales trends will
, and count down to the closing bell starts now. we have breaking news from washington. rich edson at the white house where president obama is about to meet with key members of congress, and, rich, there's talk of a scaled down deal put forth by the president. what have you heard? >> it that is the discussion. you have harry reid, mitch mcconnell arriving at the white house, should have house leadership shortly to begin a meeting, a last ditch effort to try to help the economy avoid the fiscal cliff, or at least pieces of it, and, yes, the buzz around washington is a possible path forward that aids describe as preventing tax increase for income amounts of $400,000 or $500,000 or so, extend unemployment insurance, but, still, nothing has been agreed to. all in washington are waiting to see how this meeting goes. it's just about to start here in dc. meanwhile, on capital hill, the fighting continues, and in some corners, a sense of pessimism. >> if we don't have a deal within the next 24 hours, the question is where do you buy a parachute? we'll be going over the cliff because the cl
of washington; right? low for a deal to meet the deadline. the markets show traders, well, they are not exactly optimistic. right now, stocks down 69 points, moving lower for the fifth straight session. one crisis, however, has been averted on the east coast and gulf coast. a massive looming port strike will not happen, at least for now. going live to miami ahead in a few minutes for up to the minute details on that and why it's not -ealing a blow to the u.s. economy. first, stocks, as we do every 15 minutes, going to the floor. new york stock exchange. lauren is there watching it. any indication from the investors and traders about a deal? are they telling you if they have an inside scoop? >> they do not have an inside scoop, but there's con play sen sigh, and stocks stuck in the range, down half a percent for the broader market, down for five days in a row waiting, two hours from now, to hear somebody in washington say something about fiscal cliff, and then we'll move on that news, but traders are saying if we get a deal done, we'll see the market take off. we have not seen a santa claus rall
washington covering up anything but there are published wants that maybe he is is not the first baby -- she is not the first, and maybe carroll browner was involved in this, this may have gone on in bush administration, bush 43. is this -- do you know anything about these accusations or reports? >> it was said during the clinton administration that carroll brander did not use e-mail. but we discovered, my colleague horner discovered that carroll brander did, when the clinton administration left they destroyed hardwares that the e-mail was contained owe can't look back at shenanigans that cheryl branner was getting up on the clinton administration. and now they are turning over approximately 12,000 e-mails to us. tom: is that what precipitated her resignation, this is the common reason, i want to spend more time with my family. >> who knows, but it is no cosince -- coincidence she is up to her ears in scandal right now. tom. how widespread is this? other agents accused of using some sort of way to get around the law, federal records law, freedom. in could acts and other, government properti
how to assign blame. lou: do you agree, bill? >> i don't agree as much. i think washington certainly has a culture of covering for each other. i don't see that this report is pointing such stark figures. i expect there will be a lot of ops vacation on the int of who is actually responsible, and we won't see. in the wake of september 11th no one resigned and was fired. i don't expect any fee to be held to the fire from much smaller incident like and gusty. lou: the accountability, the fact is there is one, i guess we can call him producer of an amateurish video. that person is in jail. there has been no other accountability for the events that transpired. i want said -- just to support bills point there, i want to turn to, if i may, secretary clinton's absence from the congressional inquiry process. she said she did not want to testify. the first time she was in asia with the president. the second time she had said she did not want to testify. ththird si she said she had a concussion and then everyone kamal of us would be concerned about her well-being, but the concussi came at the mo
. emanating principally from washington, the present, and members of his party in congress the tragedy at santee elementary school in loudobbs@foxbusiness.com connecticut provoking calls for solutions and prevention of such budget. >> are we really prepared to say that we are powerless in the face of such carnage? that the politics are too hard. now we prepared to say that such violence visited on our children year after year after year is somehow the price of our freedom? lou: several democratic lawmakers echoing the president's statements within all the hours of that shooting in pushing for a new second amendment of chechen. the senate's number two democrat says congressional hearings on gun control are on the way. senator dianne feinstein telling to get an assault weapon ban bill on the floor next month. senator chuck schumer of new york since in a political opportunity, passing gun-control insulation. >> i think we could be added to pinpoint for two reasons. to pinpoint where we might actually get something done. first, this was not a single incident. second, of course, it involves
by unfolding events in washington regarding the fiscal cliff. there was little optimism on wall street. stocks fell for their fifth straight session. the dow, the dow fell below the 13,000 mark closing down 158 points. fiscal cliff anxiety sent the so-called fear index, the vix, soaring more than 14%. it is now up close to 30% this month. >>> barnes & noble was one of the few market bright spots today. the london-based pierson learning company is investing $89.5 million in barnes & noble nook media unit. shares rally more than 5% on that news. but we've got to get back to the top headline of the day, nada, zip, zilch. president obama needing with congressional leaders at the white house ended a short time ago and the president is reportedly giving no new offer on the fiscal cliff. the house minority leader said the meeting moved negotiations forward. so where do we actually stand on all of this? fox business's rich edson is at the white house with more and did they really move this forward and is that a good sign? what do they mean? >> well, adam, they're still assessing the fallout from this
or may not come out of washington? >> well, thanks. i think the reality is we're going to go over the cliff. the only issue is how long do we stay over the cliff? if it's 60 days, 90 days, that's a big problem for the economy, for the market, and i think you want to raise cash. i recommend starting with a cash weight of at least 10% and go up 2.5% each week, depending on whether or not they can come to agreement. i mean, i think ultimately it probably will come to agreement, but let's face it, obama's not going to get inaugust -- inaugurated until the 21st, and boehner thinks the real deadline is february or early march. that's a time frame to look for, and the reality is if you look at the markets over the last while, they are correlated between the commodity markets, oil, bonds, stocks, and that has not been the case for many, many years, and so it's really one trade. there's a macro trade. what's going on in the u.s. with the fiscal cliff, and before that, it was all about europe. david: larry, your picks, disney and direct tv, i know you like the vegas stocks, las vegas sans,
in the stock market, a big abrupt plunge to get attention in washington and that's when we got action. so you can look in the future and a number of things like that that could happen that would force washington to do something, but we're not there yet. stuart: no, we're not there yet. as you suggest we could roll everything over, agree to keep disagreeing with the current system in flux, but that only delays the 5 to 7% stock market drop or a downgrade from a ratings agency or a bond market-- >> i'm not sure. that might actually trigger downgrading from the agencies which many people think is come almost regardless and going back to the first time it happened in 2011 when standard & poor's did it cited political digs function a--dysfunction the main reason y did that. and that's what we're seeing all over again and everybody who knows the details will tell you this is not a unsolvable problem. there are solutions laid out all over the place in washington, stacked high on shelves, it's a problem of politicians. getting together to actually solve the problem. so we can do this, it's the govern
of washington, people do not seem to understand why this is a repeat problem. that is that congress can't make a decision. and that regular people meet their deadlines. are you confident that we can get something done here? do you think that december 31, will come and go when we will have nothing in hand? >> look, i think the president and his sanctimonious lecture that he wants to give congress about not doing his job -- he needs to premiere on himself as well. he knows that there could be a deal. if he puts them on the table, whether it is eligibility age for medicare, something that will fundamentally reform medicare, the poor, he would get a deal -- enough votes to pass something easily. and he had some real fundamental spending cuts. the problem is the tax increases happen immediately. the spending cuts take it down, and they never end up happening. that has always been a bear trap that republicans have gone ourselves in. i don't think they are going to fall for. i don't think anyone will remember mr. mccaul or john boehner's name 10 years from now. the true fact is that they really do wa
Search Results 0 to 10 of about 11 (some duplicates have been removed)

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